Vietnam Among the World’s Fastest-Growing Economies in Trade
Vietnam’s trade volume is projected to grow at a compound annual rate of 6.5% from 2024 to 2029, an increase from the 6.2% recorded between 2019 and 2024.
According to a forecast by German logistics provider DHL, Vietnam is on track to rank among the world’s 30 fastest-growing economies in terms of both trade growth speed and absolute volume increase by 2030.
The Business Times reported that Southeast Asian countries are poised for accelerated trade growth over the next five years. Vietnam, along with Indonesia and the Philippines, is expected to be among the top 30 economies experiencing the fastest trade expansion.
DHL’s report also suggests that U.S. tariff policies under former President Donald Trump are unlikely to derail the overall trend of global trade growth.
One of the primary drivers behind Southeast Asia’s trade expansion is the increasing shift toward supply chain diversification. As businesses seek alternatives to China for manufacturing and sourcing, Vietnam has emerged as a key beneficiary, particularly in the electronics sector.
DHL emphasizes the region’s growing importance as a manufacturing hub for companies from Europe and North America. With Vietnam already ranked among the world’s top 40 economies and among the top 20 in global trade volume, its anticipated rise into the top 30 fastest-growing economies in trade appears well within reach.
